MUFG Union Bank Compliance Auditor-Deposit Regulations- Vice President in Brea, California
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Compliance Auditor-Deposit Regulations- Vice President
Reporting to the manager of the Deposit Compliance Testing Group, the primarily responsible will be to develop and implement and an ongoing comprehensive deposit compliance testing program for the bank's new nationwide retail locations. The incumbent will analyze results and trends identified during regular compliance monitoring and testing, perform root cause analysis, develop and prepare comprehensive management reports, and determine, recommend and monitor remediation plans to resolution to ensure timely, effective corrective action. Additionally, the incumbent will develop, implement, monitor, edit, and maintain testing programs including regulation specific end to end reviews.
Compliance Monitoring and Testing 50% Responsible for the deposit compliance monitoring and testing strategy including creating, designing, and editing testing programs and procedures. Analyze results and trends identified during the review of business unit testing and through targeted and end to end reviews of key compliance processes and controls. Identify issues; perform root cause analysis; propose solutions and remediation plans; prepare management reports; and monitor resolutions. Keep current on proposed and final federal and state regulations applicable to the unit. Perform compliance related research. Serve on committees and project teams, as assigned. Tracking 15% Maintain a centralized database for all supporting documentation gathered during reviews. Collect appropriate documentation gathered during reviews and post to the database to ensure transparency. Monitor and track the status of each exam/review and all agreed upon remediation plans and action items, including those considered complete. Report status of any necessary corrective action. Reporting 15% Write clear, concise, and persuasive evaluation reports and other documents summarizing level of risk, scope, findings, recommendations, and the current status of findings/issues. Analyze results and trends, perform root cause analysis, prepare comprehensive compliance and tracking reports, and develop/present presentations as applicable to senior level and line management executives on emerging compliance issues identified during monitoring and testing. Work independently to create/maintain databases and comprehensive status reports for providing information regarding the bank's compliance with certain regulations to executive and line management as well as the Board of Directors, CFPB, OCC, and FRB, as applicable. Maintain effective working relationships throughout the bank with compliance representatives and line management. Regulatory Examinations and Audits 5% Support requirements for regulatory examinations and audits. Fulfill information requests for internal and external audits, regulatory examinations, and other reviews, as assigned. Maintain accurate records of information provided in response to such requests. Risk Management 15% Demonstrate knowledge of and be sensitive to the current regulatory environment; adhere to the Bank's Risk Vision, and risk management policies and programs; recognize and proactively address risk (including but not limited to those associated with new and emerging regulations applicable to the Centralized Testing Group and other federal and state laws and regulations); identify and appropriately manage risk.
Additional Information: Typically requires a minimum of six years of deposit compliance experience or equivalent banking work experience in regulatory compliance, auditing, or other related area of banking with at least three years of direct compliance or audit experience. Scope of compliance experience should include coordinating and conducting compliance monitoring, testing, and reporting. Typically requires a college degree or equivalent experience. Advance degree or accredited professional certification preferred (e.g., CRCM, CRP, etc.). Comprehensive knowledge of consumer regulations, banking/compliance laws and regulations (e.g., Reg D, E, CC, DD, FDIC, Retail Nondeposit Investment Products, UDAAP, ADA, etc.). Strong analytical and research skills. Ability to monitor and analyze results of compliance testing programs including assessing changes in processes, making recommendations, and communicating results both verbally and in writing. Proficient in Microsoft Office Suite of applications including spreadsheet protocols and SharePoint.
We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
The above statements are intended to describe the general nature and level of work being performed.; They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
Job: *Risk & Compliance
Title: Compliance Auditor-Deposit Regulations- Vice President
Requisition ID: 10011326-WD